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. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is
. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? indicated up 14 points. unable to hold on to the gains we saw yesterday
of america. every time you come to this floor it's a question, why are we here? we are here to do the people's work. let's sit down. get it done. and move forward. instead of filling the agenda however worthy some of those initiatives may be, instead of not along with passing a middle income tax -- this is also reminiscent of a year ago. the president proposed, the house and senate, democrats and republicans, voted for the payroll tax holiday. the republicans in the house resisted. painted themselves into a corner until they had no choice. the issue had been made too hot for them to handle and they finally had to come around to supporting the payroll tax holiday. and here we are again. 100% of the american people will receive a tax cut when we pass the middle income tax cut. the wealthiest people in our country will receive a tax cut up to their income of $250,000. we are asking them to pay a little bit more for what they make over $250,000 a year. to help reduce the deficit, to help grow the economy, grow the economy. that growth is what is essential. you want to reduce the deficit, create
gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doesn't have to know. we have a busy three hours starting with a fox news alert. >> gretchen: we have one out of carey. president mursi returning, mohammed that is returning to the palace. he took off amid
now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers describe the proposal that republicans offered yesterday, as a step backward in terms of negotiations. what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates are going to go up. is there any prospect of a face-to-face meeting between the president and house speaker john boehner in the coming days? and how are they getting
there is a great middle out there that makes of america. the more we reflect the middle, the better off our committee will be and i think the service we provide will be better. >> what gives you that hope? >> a lot of people are recognizing the pathway we are on will not help. more and more members are talking with me where we discuss with one another how we can improve the place. i hear it almost every day. i encourage it. >> there are people who believe partisanship is a good thing because ideology and the direction of the country moves in the way they want. for example, people have come in with the tea party. what do you think of these hyper-partisan groups outside of the congress that attempt to exert their influence? >> one of the more fascinating experience i have had involves a gathering. my first meeting a couple years ago, with tea party types. my staff was concerned about this new group. i said, give me their telephone numbers. i invited them to our session. they were there that evening to express their concern about health care being nationalized and taking over that piece of the
jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two
-term investments here. at the same time, we do not start of what has been so much a part of america's -- do not starve so much of what has been a part of america's history, our willingness to invest in the future, and that includes children, poor children, modern infrastructure, basic and blue sky research. when we get beyond the challenge we face over these next few weeks, i think that is going to be a broader challenge we face over the next decade. >> i think we have time for one more question. over here. as the question is coming, i want to say how much we support the president in this fight on ensuring the balance, and the president has been very strong on that issue. >> richard singer. we are a biomedical company that helps nurses and doctors, may collaborate better with social media. we got a small amount of the innovation funding, but it is a broader question about the health care ecosystem. if the company goes under, all the software engineers get new jobs in a matter of weeks. but in biotech, we have a lot of people with ph.d.s, longer-term and specialized types of areas, and we do
be for a number of things. not only are we talking about america, we are talking about the world when we fail to do things we need to do. but for the moment, the issue of the day has to do with an adequate discussion on talks of the american people about just what we need to do regarding this measure. we cannot do everything, and i know that. we cannot stop evil and violence by educating everything, but in my judgment we can and we must do something. failure to do that is a helluva lot more important to me than whether the president and john boehner jump off a fiscal cliff. >> it did yeoman yields back. mr. bishop. -- the gentleman yields back. >> let me first say, mr. scott, that the shawl is specific for you. it is designed to match the wheelchair and the walker you will be given in the senate. in my years as speaker of the house -- [laughter] 1 of the things i had to do is try to enforce the rules we had in quorum in debate. i just want you to know that first ball, i don't ascribe to any special powers to see into the heart of other people so i cannot prescribe motives to anybody or how th
it and change the tax basis, the treasury has to call on corporate america to change the withholding tables. all of us get taxes withheld. if they're going to change what rate i'm going to be taxed at, they're going to have to change that table. that's not an overnight process. certainly, the treasury can't afford to let that go too long because everybody will be underwithheld. they'll get a big tax bill. there will be a riot among the people if that happens. what i'm watching is the treasury. if they get nervous enough, they'll ask them to change the tax tables. so far it looks like they smell a deal and haven't asked for it yet. you think we're going to get a deal? >> i think they may try to push it to the end. the other thing i'm watching for is the 17th when the president is due to take his family to hawaii. i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towe
, the america the peopley a significant majority, the problem is a spinning problem. but not ex blessively a spending problem. they have come up with comprehensive plans that rely on spending reductions than tax increasing overtime, they achieve the spending reduction through comprehensive social security reforms and tax reforms, to get the revenues that is the pathway forward. and but again, i think we have to be realistic, we don't have a lot of time left. let'focus on what we need, avoid fiscal cliff, a credible down payment in regard to revenues and spending, it has to have a more spending element than we see right now. and targets, spending in revenues to achieve a grand bash an next year. neil: thank you very much, wall street is giving up. dow futures off almost 300 points, if you are getting a sense of de. deja vu you are not alone. remember when they rejected tarp 1, it was shot down, and stocks went way down, the dow tumbling better than 770, congress quickly reconvened, took out there are tarp vote to avoid door dow fall off, it was thought it safi the day, what happened, the do
cash rewards card. apply online or at a bank of america near you. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>teve: this is probably going to bug you, people of afghanistan are supposed to be allies, right. >> brian: not according to their president karzai. listen. >> policies coming to us from terrorism and the taliban. it is partly coming to us from the structures that nato and traded in afghanistan. >> brian: our time and mon yesacrifices are a waste? >> steve: joining us is the army veteran for america. good morning to you. president karzai is blaming united states and nato for violence and corruption in afghanistan. he sounds a little >> yes, it is a nice posen pill to look at. i was in a
there that makes of america. the more we reflect the middle, the better off our committee will be and i think the service we provide will be better. >> what gives you that hope? >> a lot of people are recognizing the pathway we are on will not help. more and more members are talking with me where we discuss with one another how we can improve the place. i hear it almost every day. i encourage it. >> there are people who believe partisanship is a good thing because ideology and the direction of the country moves in the way they want. for example, people have come in with the tea party. what do you think of these hyper-partisan groups outside of the congress that attempt to exert their influence? >> one of the more fascinating experience i have had involves a gathering. my first meeting a couple years ago, with tea party types. my staff was concerned about this new group. i said, give me their telephone numbers. i invited them to our session. they were there that evening to express their concern about health care being nationalized and taking over that piece of their personal life. they were no
. stuart: a question for you. >> go ahead. stuart: in america we say you have goose bumps when you're very cold. in england we say you're hen-fleshed. are you either this morning? >> i am both, put together. times a hundred. stuart: excellent. >> i look like rudolph with my nose. stuart: may i recommend you wear a hat and i'm losing my hair and-- >> i do, i have a hat with me as well as ear warmers just not for this hit. can i tell you some things going on behind me today? >> no, don't have time, sorry. that's the way it is. >> i was going to tell you about the drunken revellers and their bathroom experiences, i guess you don't want to know. stuart: you should hear what they're saying, no more drunken revellers, no time. wrap up, keep warm, young lady, i mean it. >> thank you very much happy new year to you. stuart: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress wil
specialist tdd#: 1-800-345-2550 will help you get started today. >>> look at shares of bank of america. 1015 is where it is trading right now. firmly above $10 mark. watch for a firm close above 10 and that will give them hope that perhaps they can stay and go higher at this point. watching the stock along with other bank stocks off of news from citigroup. citi laying off 11,000 people. >> starbucks card for the 1% has arrived. at least that is what some are calling the new $450 starbucks gift card made from steel. it comes loaded with 400 bucks, cost $50 to make and only 5,000 of them will be sold exclusively through luxury online retailer gilt.com and that sale starts friday in case you wanted to buy one. >> i think i probably will. >> really? >> 50 bucks to make a steel card? >> you get $400 worth of coffee. >> it cost $450. it cost $50 to make the card. >> can you get -- i assume you can get it replenished? >> that's a good question. >> if you want to use it again. >> i'll probably pass. steel card is heavy. >> i was thinking about how much it would weigh in your pocket. >> maybe by u.s.
. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close to the next s support level on the stock and really catching a lot of people by surprise. >> it's a fiscal cliff decline. this is the greatest capital gains generator of our lifetime. i would love to see what the gains are going to be next year. but i would be saying you need to sell it. we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are go
of america, merrill lynch recently held a 38% stake in hertz. after the offerings, the funds will hold a roughly 26% interest in the rental business. after the sales, hertz will not receive anything from the proceeds of the sale. coming up, squawk on the farm. we're going to talk crops, crops, crops, tractors and other equipment. and what it all tells us about the global economy. stay tuned. >> announcer: team, "squawk box" exclusive coverage of the "new york times" deal book conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman and ceo jamie dimon, carl likely group co-founder david rubenstein and a lot more. it all starts tomorrow at 6:00 a.m. eastern. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune s
to change anything. they do not want to help america. what people are they for? the people have spoken, but they do not ever listen to the people. what people are the working for? host: james in new york as a deadline for independents. caller: i just want to point out something. 400% to 1000% increase in salaries versus the workers for the so-called job creators, along the way, the people are not making these increases in salaries. they talk about cutting taxes on the wealthy. well, what about giving money -- a fair percentage of an increase to the people that are doing the work? i never hear anything about that. it just seems to me that the unfairness starts there. host: that is james and new york. the lead story in this morning's boston globe with the headline "modest hope." [video clip] >> i just had a good and constructive discussion with senate and house leadership about how to prevent the tax hike on the middle class. i am optimistic that we may be able to reach an agreement that can pass both houses of in time. senators harry reid and mitch mcconnell are working on such an agree
us today. jenna: "america live" starts right now. megyn: fox news alert, the world on edge and the u.s. and its allies potentially on the brink of entering another war in the middle east to prevent syria from doing the unthinkable. welcome to "america live," everyone, i'm megyn cel by. just days after he first reported on concerns syria was actually mixing chemical weapons that could kill thousands of people at a time, we get word that the regime has loaded the nerve agent into bombs that could be dropped, we don't know when. the president earlier this here, our president, called chemical weapons use a, quote, red line that would get an immediate response from the united states, and here's what the white house said about it moments ago. >> to the administration any more urgent than 48 hours ago? >> i think we've been clear all week about our concern -- well, probably longer than that, but since this has been a heighten, an issue that's getting heightened attention, we have made clear, i think, in very stark terms our concern about it. i wouldn't want to characterize our assessments b
didn't have enough in our operations, that we didn't have enough in asia and latin america, africa and the middle east and europe. some some of our clients have got 40%, 45%, 50% and they benefit as a result. the other part of it is i wish we had not just one-third of our operations in digital here on cnbc and that we had, let's say, 40%, 45% there, too. the pattern you'll see in 2013 is meets ya, application to our business and we specifically are going to get people to work more and more together in order to deliver more effective and efficient advertising and communications for our clients. >> if you have any regrets, share them with us here. >> never have regrets. >> learn from it. yeah. >> louisa will help you learn from it. e-mail your regrets into the show. we'll examine just where oil prices might be headed in 2013. >>> president obama calls congressional leaders to the white house today. >>> a lackluster trading week of the yurp, ewe european equity markets are scheduled to post double digit results for 2012. >> italy is expected to see solid demand when it sells up to 6 b
: well, father, i think america is in mourning and i think the mood is somber and reflective and we appreciate you being with us today, father jonathan morris and your message there, we appreciate it, sir. >> thank you. >> it's monday morning and training has just begun for the new week, where are we? up 33 points. and maybe speaker boehner making an offer about the fiscal cliff negotiations, maybe he's saying, look, you can tax pat a higher rate incomes over a million dollars a year and maybe that helps market sentiment? we're up 43 points in the very early going. to nicole, google shares are higher. what's this, another analyst raising a price target, is this what happened? >> we're doing the analyst morning for you. you know what? really, take aside what the number is. it just shows you what wall street is thinking. so, if you just take that message, that will give you a clear indication of which way the stocks may be going. so, in in case, ever core partners is looking there and raising the price target to $850 from 830 and they have an overweight rating and so, this basically i
that to america where 45% of the total population gets out of bed and goes to work. according to the wall street journal, in greece total economic activity is down 20% in the past four years. this is a country in financial ruin. the question, how can a country of 11 million repay a 1/2 trillion dollars worth of debt and it's hard to think they could ever recover. heart breaking for someone of greek heritage like our own nicole petallides, it's a dreadful siiuation. >> it is heart breaking and i was hoping, glad you didn't make me do it, trying to throw greece under the bus. the truth is the country is suffering greatly. and grandparents trying to support their sons, daughters, grandchildren all on one pension and many of europeans, they have a different mentality, in certain ways, retiring, off the government and that's not the greeks here in the states, willing to work 25 hours a day. and there's certainly a different mentality there, but they are suffering greatly. one gentleman, nobody talks, but the cemetery, very sad and solemn. stuart: that's a personal side % of the greek tragedy story. n
? this is big news. >>> playing politics with america's fiscal future. >> we're nowhere, period. we're nowhere. >> they would like to go beyond that or do it differently. >> but we're rising above it and putting your money first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet
. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> welcome back to "the kudlow report." in this half hour, michigan is really doing it. the statehouse just passed a bill to make that union stronghold a right-to-work state. we are about to talk to governor rick snider object it. . >>> and has a recession already started? believe it or not, that's the forecast of lakshman achuthan. he says it started in july. we're going to press him on all that. >>> now, a movement started by american majority action called fire boehner has been trending on twitter. . but there's really not one wit of serious evidence that mr. boehner has any problems holding on to his speakership or even conservative leaders in the house. here now to try to make this weak case is ron meyer. ron, first of all, i want to say that i commend john boehner for his valiant attempts to stop the fiscal cliff and to make a deal without giving up growth principles. but when y
in history and we all know it on so many different fronts, he changed the way america thinks. and it's quite a gift that he had, that he gave to the country. so for both of them, it has been just an enormous privilege for all of us to serve with you. and i think everyone on both sides of the aisle know there was greatness in our delegation and that it was an honor, john and barney, to have been able to serve with you. and thank you so much. and i yield back the balance of my time. mr. burton: madam speaker, let me just follow up on what was just said and say that barney frank and i had a lot of differences over the years, but we also found times we could work together and we co-sponsored a bill together one time. barney and your colleague, i wish you both the very best and hopefully we will run into each other. let me make a couple of comments to my two colleagues who are going to follow me on this special order who told me if i talked too long they will hit me in the head with a ball bat. i want to say a couple of things. daniel inouye, senator inouye, i never met, but i read in the paper m
areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> good morning. welcome, everybody. you're watching "starting point." republicans have come out with their version of what a fiscal cliff solution
that. republicans are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. it is the republicans who are willing to let millions of americans rely upon an informant and insurance, to have that ended for them in just a few short days, people who have been out of work for over six months. republicans are holding them also. it is a manufactured crisis. what we are here to say is, first of all, i hope all of you agree with me, but no deal is better than a bad deal. no deal is better than a deal -- >> we'll take you back to the capitaol now. live coverage on c-span. >> yeah, right here. right here. right here, trust me, right here. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] if we get a deal, who will supply the champagne? >> republicans. they have all the money. >> are all watching somewhere. >> there's one. >> i am going to look for -- back.e rigtht >> senator mccain? can i talk to you out here for a second? [laughter] >> can we quote you on this? >> a man walks up to a podiu
have ubs. more litigation heading over these guys. charles: bank of america is up like 100%. i am too afraid of these kind of thanks. i did not like the risk reward. i think there are a lot of on answered questions with what is brewing to meet the surface there. we have morgan stanley as a trade. i do like goldman sachs. i like the comparisons, more than anything else. listening, volume is down. also, we have regulations. at least we know what it is. lower margins because of price transparency. they admit they will lose revenue. all of that stuff is out there. connell: goldman had a settlement of its own on a different story. not love or talk up on on a financial crisis issue. charles: in part because most of the time they were using -- which was a fantastic sign for the stock. will that be a big story next year. charles: you just never know. that is one industry, for whatever reason, they never get a clean bill of health. there is always someone trying to beat the system. you don't think someone will try to figure out a way around basel three. if you configure in around within the ru
which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong about this. look i was just with him on friday. he came to my district. was at a business. they are showing some of that video right now. local business in my district that was a toy manufacturer and what they said to the president, what they said to me is we, we make more toys when there's consumer demand. let's make sure that middle class americans have dollars in their pockets, they continue to have confidence as consumers or grow that confidence and that our businesses, large and small respond to that, that they begin to see so stability. this is time when we're calling on speaker boehner to work with the president, to work with democrats in congress, and to get done what we have to get done, the american people, middle class and businesses, let's create that stability and confidence that this
are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> president obama captured 55% of the women vote to win re-election. the national organization for women is pressing for the president to appoint women to have of his cabinet. they say there are plenty of qualified women to take those jobs. i'm joined by terry o'neil who is president of now. it's good to see you. >> good to see you. >> 22 cabinets currently in the obama administration, eight are female. 36%. we know that there will be a shakeup as there always is in a second term. why do you think the women -- the president needs to appoint more women? >> well, you know, the reality is study after study has shown that when women have a significant voice, whether it's a country or a state or a county or a town, that in fact what you see are more policies that actually help everyone. so more spending on education and health care lessen spendi
've been hearing about these things. he broke into the woman's home and drove her to the bank of america branch where she worked. she triggered an alarm and the suspect escaped. it took them three hours to remove the device from her neck, she was not hurt. how scary is that. and a newspaper taking heat for publishing names and addresses of gun owners and they're not stop at that, the online maps, list of all people in westchester and rocklands county, in putnam county, the paper claims, but they say, uh-uh, privacy. and dozens of people try to find out and then find themselves in need of a rescue. >> somebody get a branch. >> oh, oh! so you could see one after another, they all start falling into the water. oh, within seconds of each other and chain reaction continuing as more people tried to help out. took ten minutes and luckily people on shore were able to pull everybody out and we can smile about it now because everybody was okay. >> because i was laughing. >> it's pretty comical watching na. look, you can see that ice is thin. don't go out on that. use your head, people. >> clayton:
across america? this is the reality we face? . we sent the bill to him that will protect 98% of american families and he will not call it on the floor. is he waiting for what is going to happen january 1 when consumer confidence is shaken across america, as everyone sees an increase in income-tax rates, including working families because he will not act? is he waiting for the doctors, as of january 1, the reimbursement for doctors goes down 20% -- 27%. is he waiting for that to happen or is he waiting his election to speaker? i hope it is not that. i hope he understands putting this off is not fair to america and is not been for the recovery. it will hurt us as we wait. there is no excuse. there is solid support among republicans and independents and democrats to make sure we protect working families and move forward. now the house is going home again. i do not know what we can accomplish but we certainly have depending on the floor major things that will help america. >> thank you. some other unfinished business, you have all seen on the tv screens the devastation. i have seen storms an
at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacat
this morning." ñp that ended america's most infamous family feud. the hat fooelds and the mccoys. researchers have now found the first physical remains of the final battle. mark strassmann has the exclusive look of the evidence that could rewrite the history of these hillbilly clans. >> reporter: in these east kentucky hills bob scott's family has owned this land, almost 50 acres, since 1902. it was a stage for a bloody chapter in american history that's also part of his family history, the hatfield/mccoy feud. >> my mother's maiden name was hatfield. >> and this is mccoy property. >> randall mccoy, pate trat of the kentucky clan once lived here and his well sit here's on scott's land. his once enemy was hatfield, leader of the clan. this spot is where they finally ended a generation of fussin', fightin', and killing. sparked by a murder right after the civil war. >> mccoy's brother was a northern soldier. he comes back from the war. hatfield and his family fought for the south. word gout out they were out to get him and they eventually went out and get him. >> reporter: between 1865 and 1868
comes back to us is the substituted compliance, as strict in london as it is in america? it's unusual that the crisis happens in london. mr. cooper, would you like to comment on it? and i will say in basel iii we're hearing from some of our financial institution that is the capital requirements are more onerous on american banks because american regulate, are going to enforce them and many competitors feel they will not enforce it. so this is a problem if someone can go, to another, have a different standard in what is competitive global market in the case of capital requirement requirements. have a situation that is disadvantage to american firms. i'm concerned about the threat to american taxpayers. you can say you have substituted compliance but how are you enforcing the substituted compliance? you hear from some financial institutions, won't say it publicly but don't feel it is regulated in certain places and i'm wondering is london one of them. why are so many financial crises in london? i would like to here from mr. cook. >> i think that will be a very important situation if sub
america ease its enormous debt. and we're learning how north korea deceived the world, to launch a rocket with the ability to strike the u.s. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> on the surface, you might think there's new movement toward avoiding the fiscal cliff that starts making an impact just five days from now. president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw harry reid go into mitch mcconnell's office. well, it turns out that reid walked back out, and told ted barrett that they did not talk about the fiscal cliff at all. that sort of defies logic, but so it goes, that's what he said. and it sort of speaks t
's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >> sean: welcome back to "hannity." an independent review board releases a staithe -- scathing report on the september 11 attack and places the blame squarely on the state department. reading in part, quote... >> sean: and the report is causing waves in washington. four state department officials have now resigned. according to the a.p., two of them are deputy assistant secretary sharlene lamb and eric bozwell, the assistant secretary of state for diplomatic security. the president is running away fro
and bay anettes. we have assets. we are the united states of america. we did not unleash our military to go in and save those people. despite what the president said, he did not do that. this is not the end by any means. i promise you, as we turn the corner, if hillary clinton is not the secretary of state, i think she still has to come before congress. as a private citizen, she has to come before the united states congress. >> sean: is it possible that the president lied? do you think he consciously lied to save himself for re-election? >> i don't think we have been given the truth. i think we have been misled. lied is a strong word. i want to stick to the facts, but the state department is not being candid with us. we will continue to fight to get the truth. >> sean: liz, is there a difference between misleading someone and lying? >> there is not a difference. what did the president know when he told us repeatedly that it was a video. i hope that there will be subpoenas issued. i think the secretary of state may need to be subpoenaed before she is willing to testify. >> sean: good t
>>> a pleasant hello. i'm kelly wright. welcome to a brand new hour inside america's news headquarters. >> heather: i'm heather childers. topping the news this hour, new york police say they now have a suspect in custody in the death of a man who was shoved in front of a speeding subway train. what police say she told them about the incident, including an apparent motive. will she be charged with a hate crime? details ahead. >> kelly: plus, a wounded warrior walking again inside an amazing new medical body suit. you got to see this, that would make ironman proud. >> heather: and 'tis the season to pop some corks and celebrate the new year. "consumer reports" is here with the best tasting sparkling wines that won't leave you starting out 2013 already in debt. >> kelly: good to see you. >> heather: good to see you. >> kelly: first, we begin with the latest developments in an 11th hour scramble to prevent serious tax hikes and spending cuts that would potentially send the u.s. into another recession. we don't want to see that a. right now senate leaders are trying to assembl
production is increasing, this quarter ford projects it will build 725,000 vehicles here in north america. they are increasing it by another 25,000 next quarter. and one other thing, carl, when we talked about importance of trucks. in november, ford had its best month for the f series since november of 2005 selling 56,000 f series trucks. that's an 18% increase compared to last year. you are really seeing the momentum building in terms of production in truck sales. >> yeah. up a fifth on f series. thank you very much. significant number. >> i bought my f series last year. great car. great job. f-350. not diesel. >> where do you keep that? >> it's part of our inn complex. >> got it. >> i assume we think gm might be good? 20 minute >> i think so. >> let's go to rick santelli in chicago. >> if you want to find out what's going on in the states, bob pisani is very accurately discussed, you have to look toward europe. so let's look toward europe. let's look at 24-hour charts. let's look at a 24-hour chart of the euro currency. started to do much better. you throw up the bund. many areas whethe
months. america's gift headquarters. walmart. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. take advantage of exceptional values on the audi a8 during the season of audi event. ♪ >>> time for some sports now. peyton manning and the broncos looking for their eighth straight win last night against the raiders. first quarter in oakland, peyton manning drops back and connects with joel dreessen for the score. broncos take an early 7-0 lead. raiders down by nine in the third quarter. carson palmer trying to convert
investment in the americas and in europe will sep accelerate. >> well, i wonder, too, if it's not a move reflecting concern about the health of chinese companies. we've seen what happens with the shanghai xos xwrit. if you're a chinese firm, why not try to put some of your commodities abroad? >> i think you make a point with the shanghai composite. we were discussing earlier on how i think actually you're going to see a trend improvement in 2013 in chinese equity markets and i think they are today one of the cheapest equity markets in the world and there is a whole number of reasons why you should increase your chinese asset now. >> okay. japanese brewery sontori are reportedly looking to add bourbon whiskey to their tab. they were looking at making an offer for the u.s. listed group beam. a little early in the morning to be looking at maker's mark. but japanese companies have been on an m&a spree for the year. nozomu kitadai has more. >> overseas m&a deals by local companies have reached the highest level in more than two decades. according to preliminary figures by m&a advisory firm re
you love. no wonder it's america's #1 selling pain reliever. you took action, you took advil®. and we thank you. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >> chris: signisttists and explore eithers have financial roadblock in the quest to pursue the final frontier. tonight, correspondent doug mckelway tells us we arrived at a potential turning point in the race for space. >> the latest hubble pictures as far back in time and space as humans peered. time astronomers call the cosmic dawn. >> we can probe this far back in time. only few hundred million after the big bang when the universe was less than 3% of the present age. >> photos obtained by pushing the telescope to the maximum capabilities. focusing on an area of the distant space as wide as one tenth of a full moon and holding ex
? come on, let's do the right thing for america. that is what ought to be coming from the tragedies, not a president saying it is my way or the highway. his idea of compromise is get on board or you part of the problem. we have to have spending cuts. that is the bottom line. >>neil: thank you, congressman. >> four more americans are laid to rest, pastor rick warren on helping a nation to heal. , we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. >>neil: in the wake of the connecticut shooting, growing cal
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